This property looks like a bad Airbnb investment with a projected -0.42% first-year return on $74,385 initial cash invested.
-0.42%
Cash On Cash
7%
Cap Rate
1.08
DSCR
$3,447
Rent
-$26
Cashflow
Cash Flow
$3,447 income − $3,473 expenses = $26 out of pocket
Investment Breakdown
|
Purchase Price
$269k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$74,385
Downpayment
20%
$53,700
Closing costs
1%
$2,685
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$3,447
Total Expenses
$3,473
Mortgage P&I
42%
$1,455
Property Taxes
7%
$241
Home Insurance
3%
$94
HOA
1%
$28
Property Management
15%
$517
CapEx
4%
$138
Vacancy
0%
$0
Maintenance
4%
$138
Other
25%
$862